Housing market forecasts: will house prices go down in 2022?
From homeowners in the North to first-time buyers, we highlight the property winners and losers for the next 12 months.
In a week of uncertainty — about the dangers of the Omicron variant or whether the Bank of England will raise interest rates in a fortnight’s time — one thing was certain: the housing market is still going strong. House price growth edged back into double digits in November, according to Nationwide, and Rightmove predicted that property prices would rise 5 per cent next year.
Rightmove’s prediction is one of the most punchy for 2022, with the Treasury reporting that house price inflation forecasts — excluding that of the Office for Budget Responsibility — range from a rise of 5 per cent to a fall of 1.4 per cent, with an average (median) prediction of 1.4 per cent growth in 2022.
From homeowners in the North to first-time buyers, we highlight the property winners and losers for the next 12 months.
In a week of uncertainty — about the dangers of the Omicron variant or whether the Bank of England will raise interest rates in a fortnight’s time — one thing was certain: the housing market is still going strong. House price growth edged back into double digits in November, according to Nationwide, and Rightmove predicted that property prices would rise 5 per cent next year.
Rightmove’s prediction is one of the most punchy for 2022, with the Treasury reporting that house price inflation forecasts — excluding that of the Office for Budget Responsibility — range from a rise of 5 per cent to a fall of 1.4 per cent, with an average (median) prediction of 1.4 per cent growth in 2022.
Housing market forecasts: will house prices go down in 2022?
From homeowners in the North to first-time buyers, we highlight the property winners and losers for the next 12 months.
In a week of uncertainty — about the dangers of the Omicron variant or whether the Bank of England will raise interest rates in a fortnight’s time — one thing was certain: the housing market is still going strong. House price growth edged back into double digits in November, according to Nationwide, and Rightmove predicted that property prices would rise 5 per cent next year.
Rightmove’s prediction is one of the most punchy for 2022, with the Treasury reporting that house price inflation forecasts — excluding that of the Office for Budget Responsibility — range from a rise of 5 per cent to a fall of 1.4 per cent, with an average (median) prediction of 1.4 per cent growth in 2022.
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